The Global Bakery Ingredients Market was estimated at USD 9,386 million
in 2014 and is expected to grow at a CAGR of 5.1% in the forecast period
2015-2020. It witnesses a high consumption rate in the categories of
cakes, pastries, pies, scones, bread, biscuits, and cereals in the
developed markets of North America and Western Europe. The growing
demand for healthier and innovative products & ingredients are driving
the growth of this market in the emerging markets of Asia, Latin
America, and Middle-East & Africa.

There is a growing consumer demand for nutritional content in baked
foods with low sugar, whole grain, and zero Trans-fat per serving.
Increasing obesity rates and aging population have put the usage of
healthy ingredients in the U.S. on a national front. The shift in the
conventional home cooked food to convenience foods has also increased
the demand of these bakery ingredients in the emerging markets.

Adoption of westernized lifestyle, double income families, emphasis on
healthier lifestyles, greater nutrition awareness, and increase in
disposable income are the major factors that are responsible for the
growth in baked foods industry, which in turn will drive the demand for
the bakery ingredients manufacturers.

The leading players of this market are Cargill Inc, DSM, Associated
British Foods, Kerry group, and DuPont. They have been focusing on
mergers and acquisitions to grow in the global bakery ingredients market.